LSUK, the car parts firm, has gone into administration and 600 people have been made redundant.

The announcement comes just five days after it was acquired by rival aftermarket firm Euro Car Parts.

ECP said the initial acquisition was made quickly to protect the 600 staff employed by LSUK, with it paying the due salaries and rent with immediate effect.

The company, however, was in a worse predicament than ECP had known.

ECP purchased LSUK for an undisclosed s...